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Gold/Mining/Energy : Mining News of Note -- Ignore unavailable to you. Want to Upgrade?

To: LoneClone who wrote (174472)	10/23/2023 1:10:34 PM
From: LoneClone	Read Replies (1) \| Respond to of 192522

Metals Australia field work at Lac Rainy shows high-grade graphite results ca.finance.yahoo.com News Direct Fri, October 20, 2023 at 10:11 a.m. PDT·1 min read MLS.AX +9.09% Metals Australia Technical Advisor Jon Dugdale joined Steve Darling from Proactive to share an update on the company's Lac Rainy Graphite Project in Quebec. Dugdale shared the results of the fieldwork conducted at the project, highlighting some significant findings. The fieldwork included assays from 80 samples collected from 10 graphitic trends identified using electromagnetic imagery. One of the notable results was a rockchip sample containing over 50% graphitic carbon from a large electromagnetic anomaly located west of the existing Mineral Resource. This extensive anomaly stretches for over 6 kilometers from the West Carheil trend and includes numerous samples with over 20% carbon content. Dugdale mentioned that the company is planning a new drilling program to test these high-grade graphitic trends with the aim of expanding the resource potential and increasing the overall grade. Additionally, Metals Australia is initiating work on a Pre-feasibility Study for mining and flake graphite concentrate production at the Lac Rainy Graphite Project.